secwatch / observer
8-K filed November 21, 2022, 6:59 PM ET ticker ENTA CIK 0001177648
earnings confidence high sentiment negative materiality 0.75

Enanta reports Q4 net loss $26.3M, revenue $20.3M; initiates Phase 2 COVID-19 trial

ENANTA PHARMACEUTICALS INC

2022-FY EPS reported -$5.91 revenue$86,160,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ENANTA PHARMACEUTICALS INC reported twelve months ended September 30, 2022 results: revenue $86.2 million, net income Net loss was $121.8 million, EPS loss of $5.91 per diluted common share. Guidance initiated.

Period
twelve months ended September 30, 2022
Revenue
$86.2 million
Net income
Net loss was $121.8 million
EPS
loss of $5.91 per diluted common share
Guidance
initiated
Result
reported results
Exact text from the filing
For the twelve months ended September 30, 2022, total revenue was $86.2 million compared to $97.1 million for the same period in 2021. Research and development expenses were $34.8 million for the three months ended September 30, 2022, compared to $48.9 million for the three months ended September 30, 2021. For the twelve months ended September 30, 2022, research and development expenses were $164.5 million compared to $174.1 million in 2021. The decreases in both periods were due to the timing and scope of the company’s clinical trials. General and administrative expenses totaled $12.6 million for the three months ended September 30, 2022, compared to $8.4 million for the three months ended September 30, 2021. For the twelve months ended September 30, 2022, general and administrative expenses were $45.5 million compared to $32.5 million in 2021. The increases in both periods were due primarily to additional headcount and stock compensation expense. Enanta recorded an income tax expense
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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ENANTA PHARMACEUTICALS INC reported three months ended September 30, 2022 results: revenue $20.3 million, net income Net loss was $26.3 million, EPS loss of $1.27 per diluted common share. Guidance initiated.

Period
three months ended September 30, 2022
Revenue
$20.3 million
Net income
Net loss was $26.3 million
EPS
loss of $1.27 per diluted common share
Guidance
initiated
Result
reported results
Exact text from the filing
Total revenue of $20.3 million for the three months ended September 30, 2022, consisted of royalty revenue derived from worldwide net sales of AbbVie’s hepatitis C virus (HCV) regimen MAVYRET®/MAVIRET®, compared to royalty revenue of $23.6 million for the three months ended September 30, 2021. For the twelve months ended September 30, 2022, total revenue was $86.2 million compared to $97.1 million for the same period in 2021. Research and development expenses were $34.8 million for the three months ended September 30, 2022, compared to $48.9 million for the three months ended September 30, 2021. For the twelve months ended September 30, 2022, research and development expenses were $164.5 million compared to $174.1 million in 2021. The decreases in both periods were due to the timing and scope of the company’s clinical trials. General and administrative expenses totaled $12.6 million for the three months ended September 30, 2022, compared to $8.4 million for the three months ended Septe
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Source: SEC EDGAR
accession 0000950170-22-025532
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